* Extension brings licenses into parity with other 4 operators
* MGM, SJM to pay 200 million patacas each for extension
* Licence renewal likely to remain an overhang on shares -analysts (Adds details on extension and analyst comment)
HONG KONG, March 15 (Reuters) – Macau’s government said on Friday it has extended casino concession licences for MGM China and SJM Holdings until 2022 in the world’s largest gambling hub.
Both operators must pay 200 million patacas ($25 million) each for the extension, which brings the expiry date for their casino operations in line with those of Macau’s other four casino operators, the government said.
Shares of both MGM China and SJM were suspended on Friday.
The expiration of casino licences in the Chinese territory